In addition to providing details on its new location opening this month, CarMax Auctions unveiled a new logo and announced plans to thank its wholesale customers during its Customer Appreciation Month. CarMax Auctions will be hosting catered meals and giveaways to dealers throughout the month of October. The company has over 60 auction locations, with its newest facility […] [Read More]

In an effort to aid dealers’ service departments, Cox Automotive — the parent of Manheim, AutoTrader.com, vAuto and Kelley Blue Book, among others — recently joined other companies in purchasing a minority stake in AutoMD.com, previously a wholly owned subsidiary of U.S. Auto Parts Network. Joining Cox Automotive in this development were Federal-Mogul Motorparts, a division of […] [Read More]

J.D. Power released the results of its recent report on customer reactions to their interactions with automotive mobile sites on Thursday. The J.D. Power 2014 Automotive Mobile Site Study found that smartphone users are more likely to share vehicle information on social media when they are satisfied with the experience they had on either a […] [Read More]

This week, TransUnion took a different look at what kind of debt consumers are carrying nowadays. The new TransUnion study found that the consumer loan wallet — the composition of loans that people typically carry — has materially changed for both the youngest and oldest segments of the population during the last decade. However, when […] [Read More]

On Thursday, Tesla chief executive officer Elon Musk revealed his new all-wheel drive version of the Tesla Model S — designated by the letter “D”, which stands for dual motor — as well as a series of impressive driver assistance systems. And though this double-motor technology allows the car to race from 0 to 60 mph […] [Read More]

While in the installment contract space subprime financing is at levels not seen since 2006, Swapalease.com is finding that an influx of subprime consumers applying to the leasing sector is “muddying the approval waters a bit.” Site analysts reported their lease credit approvals during the month of September dropped down to 64.5 percent, falling after […] [Read More]

Auto Remarketing has officially announced its 2014 CPO Dealer of the Year, presented by NCM Associates, and earning this year’s honors is Hyundai of New Port Richey. This dealership, located on the Gulf Coast of Florida, was featured as Hyundai’s top certified pre-owned seller in “The Best CPO Dealers in the USA” issue of Auto […] [Read More]

Whether you’re working the auction block or trying to buy what’s on it, one thing is the same: time is money. The process, on average, lasts just 37 seconds. For dealers, the quality of every second spent on auction day generally makes the difference between a profit and a loss, taking advantage of a gainful […] [Read More]

Dealer group Pfaff Automotive is celebrating a significant milestone this year, and one that is being recognized by Porsche and Audi, as well. To celebrate Pfaff Automotive ’s 50th anniversary, Porsche has created five limited edition 911 models in Pfaff's honor. The high-end cars are all-white and feature a red stripe over the car and […] [Read More]

You may be used to seeing these guys’ television commercials – TV spots full of humor and quirks – but you can expect to see them on the television in a different respect by the end of the month. The brothers who run sales at Ride Time —  Doug MacIver and Andrew MacIver — as […] [Read More]